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Quicken Top Seller of Retail Originated Loans with PMI in 1Q13

May 1, 2013
John Bancroft
When it comes to sales of retail-originated loans with private mortgage insurance, Quicken Loans is the new king of the market, according to exclusive figures compiled by Inside Mortgage Finance.
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Short Takes: FHFA Issues Progress Report on Securitization Platform / But Little Progress in Finding a Platform CEO / Union Bank Buys LPS Software / Ally Totally Out of MSRs / Shiller Not so Bullish on Housing

May 1, 2013
Paul Muolo and Charles Wisniowski
FHFA issues progress report on the "common securitization platform" but no CEO is in place yet. Meanwhile, Ally is out of MSRs totally.
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White House Pick of Rep. Watt for FHFA Job Won’t Affect GSE Net Worth Debate

May 1, 2013
Paul Muolo
If Rep. Mel Watt gets the FHFA job will he tinker with GSE net worth minimums?
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Short Takes: Will Mel Watt or Mel Martinez Head FHFA? / Freddie Mac Tries to Help Lenders Prevent Buybacks / CoreLogic: Completed Foreclosures Decline / First Guaranty Hires TPO Chief

April 30, 2013
Paul Muolo
The White House continues to search for someone to head the FHFA. But will it ever officially introduce a candidate? Mel Watt's name has come up again.
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FSOC Says MBS-Investing REITs are ‘Highly Exposed’ if Rates Rise Quickly

April 30, 2013
Brandon Ivey
Publicly traded REITs that invest in MBS "borrow short" and "lend long." But is that a problem? It might be, says FSOC.
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Freddie Exec: Common Securitization Platform Builders Face ‘Very Consequential Decisions'

April 30, 2013
Charles Wisniowski
It's not easy building a common securitization platform, so writes a Freddie Mac executive in a new blog posting.
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Known for its Jumbo Prowess, Union Bank Branches Out into Conventional Conforming

April 30, 2013
Paul Muolo
Union Bank hopes to make a big splash as a retail funder of Fannie Mae and Freddie Mac loans.
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Freddie to Retire Software for Handling Delinquent Mortgages

April 29, 2013
Charles Wisniowski
Freddie Mac is phasing out a software package that helps with the servicing of delinquent loans, a move that could help private sector technology vendors.
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IMA in the Market with a $900 Million Flow MSR Deal

April 29, 2013
Paul Muolo
The "flow" market for mortgage servicing continues to improve. IMA is in the market with a new package and others are on the way.
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Short Takes: Improved Mortgage Profit Margins in 2Q / Help for the Manufactured Housing Market / Citigroup Loves Jumbos / $25 Billion in HAMP Money Left / Freddie Speaks About the Common Securitization Platform

April 29, 2013
Paul Muolo and Thomas Ressler
Mortgage profits are improving in the second quarter, but how long can it last? Meanwhile, Freddie talks about the CSP.
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